Ill. R. Cir. Ct. Lake Cnty. 5-3.16

As amended through September 23, 2024

Rule 5-3.16 - Assignment of Interest - Power of Attorney

A. No distribution shall be made pursuant to an assignment or a power of attorney signed by a distributee of an estate unless the assignment or power of attorney has been approved by the Court upon the filing of a Verified Petition with appropriate Notice stating that the power of attorney or assignment has not been revoked and setting forth the following:

1. The consideration paid or to be paid and fees and expenses charged or to be charged to the grantor of the power of attorney or the assignor of the assignment.

2. The name and address of the grantor and grantee of the power of attorney or the assignor and assignee of the assignment.

B. Each power of attorney or assignment shall be signed and acknowledged by the grantor of the power of attorney or by the assignor of the assignment in accordance with the Illinois Uniform Recognition of Acknowledgment Act. 765 ILCS 30/1 et seq.

C. The representative, on making any distribution to an assignee or person acting under authority of a power of attorney, shall not make any distribution without first receiving a certification from the assignee or holder of power of attorney that the assignment or grant of power of attorney has not been revoked.

Ill. R. Cir. Ct. Lake Cnty. 5-3.16